Basel III Capital Floor Technical Note

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1. Introduction As a follow up to the regulatory notice released on July 5, 2024, this technical note presents additional information about the Basel III capital floor. This note touches on the following key points: Capital floors are not new as part of the 2017 Basel III reforms - indeed, capital floors were included in earlier Basel capital

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Annual Risk Outlook – Semi-annual update – Fiscal Year 2024-2025

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The Superintendent articulated OSFI’s approach to its new integrity and security mandate in a speech on May 8, 2024. This speech highlights the close linkage between non-financial and financial risks, and the effects that non-financial risks can have in undermining the rights of depositors, policyholders, and creditors of financial institutions. OSFI has implemented an Integrity

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Escaping stagnation: towards a stronger euro area – Speech by Isabel Schnabel

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Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a lecture in memory of Walter Eucken Freiburg, 2 October 2024 The euro area economy is stagnating. Over the past two years, real GDP has expanded, on average, by only 0.1% per quarter. Surveys among firms indicate that growth is likely to

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Bridging the gap: reviving the euro area’s productivity growth through innovation, investment and integration – Keynote speech by Luis de Guindos

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Keynote speech by Luis de Guindos, Vice-President of the ECB, at the Latvijas Banka and SUERF Economic Conference 2024 Riga, 2 October 2024 It is a pleasure to talk to you today about reviving productivity growth in the euro area – a critical challenge that demands urgent attention and collective action. The euro area’s economic

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